Laurus Homes, a Manchester-based ethical builder, is expanding into Lancashire with plans to develop 184 homes - over half of them for affordable rent and shared ownership.
The new homes, to be built on Clitheroe Road in Whalley, will be a range of one-bedroom apartments through to five-bedroom houses designed to tackle the growing housing shortage in the region.
Laurus Homes is a joint venture between Manchester-based Trafford Housing Trust and London-based L&Q, one of the UK’s biggest housing associations. It was set-up in 2016 to deliver 2,000 new homes in the NW by 2020, the region with the biggest demand for affordable homes outside of the South East.
Set in the rural Ribble Valley, the new development aims to fuel economic growth in the region by creating local jobs. As a profit-for-purpose builder, Laurus Homes will invest its profit from the new homes into community projects, including tackling poverty, homelessness, domestic violence and debt problems.
Graeme Scott, Development Director at Trafford Housing Trust, said: “The NW is experiencing a dreadful housing shortage, with many families, who are working, struggling to make ends meet. We believe that everyone deserves an affordable, warm and safe roof above their head. We focus on building award-winning homes that make the most of the natural environment, whether these are brand new developments or regeneration projects.
“As a profit-for-purpose developer, we use our profits to reinvest in our local areas, so we make a real difference to our customers and the wider community.”